Cheap car insurance usually means buying the mandatory minimum liability insurance cover. Once you decide to buy more, it’s less cheap car insurance, more affordable cover.
Cheap car insurance comes when you maximize the discounts and cut out all the elements of cover that are unnecessary. You have to cut to the bone to find cheap car insurance.
If you accept limits on the extent of the coverage or agree to self-insure by increasing the deductible. Cheap car insurance usually means sacrifices.
If everyone was the same, it would be easy to set one premium rate for all drivers. Sadly, people insist on being individuals and, more confusingly, they insist on being different from hour to hour. Moods change, circumstances require different driving styles as you find yourselves late for an appointment or angry after an argument. So for completely different reasons you might find yourself going too fast for the road conditions and increasing the risk of accidents. But that’s where the statistics come into play. If you have a high stress job and routinely travel thousands of miles a year, you will be placed in a higher risk category. But if you are a homemaker, a senior or unemployed and so only do short runs at off peak times, you will be placed in a lower risk category. This is where the pay-as-you-drive policies come into play. With the technology now available to monitor the way you drive in real time, you can earn substantial discounts if you prove yourself safe and a low mileage driver.
If you cannot qualify as a low mileage driver, you need to aim for cheap car insurance through your choice of make and model, fitting extra security devices to reduce the risk of theft, and generally organizing your life to reduce the risk your vehicle will be damaged. Anything and everything you can do to reduce the risk of a claim can be rewarded by your insurer with a discount. However, insurers are not mind readers. There has to be communication so you can discover exactly what discounts are available and how you qualify. Some changes may not be economic but others will give you the chance to maximize the discounts and move closer to the cheap car insurance you want.
It all starts with being a safe driver. But details like a good credit score and, if you are a student under the age of 25, good grades are essential. Now look at the make and model you drive. Does it have airbags and good seatbelts, antilock brakes and other safety features your insurer considers significant? Now think about bundling policies together. There usually at least 10% savings if you buy both home and auto, or auto and life insurance from the same provider. Only when you work through all the options for discounts can you minimize the amount you pay. Keeping this real, many people overpay on their premium rates because they do not investigate eligibility for discounts with their insurers.
At this point, you should realize there’s no need for you to wait until renewal come around. If you can find cheap car insurance at another company, you can cancel your existing cover and transfer your business to the company offering the better rates. Indeed, come companies offer welcome bonuses and smooth the way for you to make the transfer. Finding cheap car insurance is not easy unless you are active. Stay passive and you will get poor value.